How consumers can avoid fraud amid big sales week for Amazon, Walmart

  • With e-commerce surging during the coronavirus pandemic, Prime Day and the 2020 holiday season may be the perfect hunting ground for online fraudsters.
  • Business Insider spoke with Amazon’s former Director of Corporate Development Aaron Barfoot, who now serves as the chief financial officer of online security firm Forter. 
  • “Good online hygiene means paying attention and being alert,” Barfoot said. 
  • Visit Business Insider’s homepage for more stories.

It’s a potential nightmare for anyone who’s ever shopped online: checking your bank account or credit card statement to find that a cybercriminal has stolen your identity and run up a huge bill.

During Amazon’s two-day Prime Day sales event and the upcoming 2020 holiday season, that’s a scenario that could become reality for more shoppers than ever before. Former Amazon Director of Corporate Development Aaron Barfoot — who now serves as chief financial officer for online fraud prevention firm Forter — said that 2020 may prove to be an especially risky year for online shoppers, thanks to the surge in online purchases during the coronavirus pandemic.

Forter estimates that transactions by first-time online shoppers have spiked from between 4% to 5% last year to around 10% to 14% in 2020. The overall increase in online transactions makes it “easier for a fraudster to hide,” Barfoot said. In its annual fraud report tracking e-commerce transactions, Forter also found that fraud pertaining to “buy-online-and-pickup-in-store” orders has already increased 55% year-over-year.

“More new customers are going online for the first time,” Barfoot told Business Insider. “Once those new customers are online, they are more susceptible to fraud.”

Those looking to prey upon the influx of inexperienced e-commerce shoppers — especially elderly customers and those without the digital savvy to create strong passwords — come armed with a playbook of fraudulent moves. Hussein Ahmad, CEO of digital

When Your Last $166 Vanishes: ‘Fast Fraud’ Surges on Payment Apps

Charee Mobley, who teaches middle school in Fort Worth, Texas, had just $166 to get herself and her 17-year-old daughter through the last two weeks of August.

But that money disappeared when Ms. Mobley, 37, ran into an issue with Square’s Cash App, an instant payments app that she was using in the coronavirus pandemic to pay her bills and do her banking.

After seeing an errant online shopping charge on her Cash App, Ms. Mobley called what she thought was a help line for it. But the line had been set up by someone who asked her to download some software, which then took control of the app and drained her account.

“I didn’t have gas money and I couldn’t pay my daughter’s senior dues,” Ms. Mobley said. “We basically just had to stick it out until I got paid the following week.”

In the pandemic, people have flocked to instant payment apps like Cash App, PayPal’s Venmo and Zelle as they have wanted to avoid retail bank branches and online commerce has become more ingrained. To encourage that shift, the payment apps have added services like debit cards and routing numbers so that they work more like traditional banks.

But many people are unaware of how vulnerable they can be to losses when they use these services in place of banks. Payment apps have long had fraud rates that are three to four times higher than traditional payment methods such as credit and debit cards, according to data from the security firms Sift and Chargeback Gurus.

The fraud appears to have surged in recent months as more people use the apps. At Venmo, daily users have grown by 26 percent since last year, while the number of customer reviews mentioning the words fraud or scam has risen nearly

The Tony Robbins Fraud

Earning profits from membership sites is a improbable way to earn a living online. The game places emphasis on social engineering and likewise does not include the tax or zone methods present within the previous games. The sport also boasts tonnes of visual customisation choices for buildings and people. Boards can get very giant, so that you solely must cost a small quantity or even a one-time price for folks to entry it, and you may nonetheless earn huge amounts of cash.

Like most tycoon games Carnival Tycoon has heavy emphasis on ensuring the visitors in your carnival are pleased. LinkedIn is now forward of MySpace by way of site visitors, making it probably the most common social networking websites around. Robbins has a large following of admirers that declare he supplied the principles needed for their success in enterprise and private life.

Rail Nation is a strategic business simulation game that may be performed within your browser. Viddler is one other in style website that focuses on business movies moderately than user-generated content material. I actually favored my time with Monopoly Tycoon (I was at all times a fan of the board sport so I think that helped).

Photos where there are very slight variations, like the one above, create for very difficult video games. Good day Fellow enjoyable-lovers, I have been stumbling upon these items of Nonsense Sites from time to time, every time I surf the net. I know that there are tens of millions of individuals on the market, that in the event that they knew this, would not consciously waste the money of enterprise owners by clicking a hyperlink when they aren’t a potential customer.

This article will discover the two important strategies Tony Robbins makes use of to get people to do what he …

Another job fraud by fake port website

The fake website issue continues to bother the Visakhapatnam Port Trust, as one one more job fraud was reported on Saturday, even while the case is under investigation.

The VPT already lodged a complaint with the Cyber Crime Police on October 3, stating that someone had created a fake website under the name www.visakhapatnamport.com and posted a recruitment notification collecting ₹1,200 per application.

VPT stated that its official website is www.vizagport.com and urged unemployed youth not to fall prey to the fake website.

The management once again took the issue to the notice of the cyber crime police on Saturday.

Fraud claims, DOJ probe and sexual abuse allegations cloud $2B deal between GM and Nikola truck startup

What seemed like a simple matter of crossing the t’s and dotting the i’s has turned into a protracted challenge for General Motors and Nikola, after negotiations to pair up and produce new zero-emissions trucks have been extended.

The $2 billion deal, announced Sept. 9, was billed as a “partnership made in heaven,” according to Nikola founder and then-chairman Trevor Milton, during a media call with GM CEO Mary Barra. But the Phoenix-based startup has since been hammered by claims of fraud, with a Securities and Exchange Commission probe now underway. Allegations surfaced this week of sexual abuse by Milton, who stepped down as chairman last week. Nikola’s stock has plunged to barely a quarter of what it was worth when the company went public last June.

Talks expected to wrap up today could now run through Dec. 3, at which time the proposed deal “may be terminated by either (Nikola) or GM Holdings if the closing has not occurred,” according to a Nikola filing with the SEC.

“Nikola continues to work with GM towards a closing and will provide further updates when appropriate or required,” a Nikola spokesperson said in a statement sent to NBC News and echoed by GM. Separately, the startup issued a statement outlining its various business ventures, an apparent response to Wall Street’s growing concerns about the company.

Describing itself as a “a technology disruptor and integrator” aimed at becoming a “global leader,” it emphasized that it has a number of other ventures in the works, including a deal with European truck maker Iveco, while it is moving ahead on the launch of a factory in Arizona that will produce its heavy-duty hydrogen trucks.

Founded in Salt Lake City in 2014, Nikola Motors planned to produce large semi-trucks using fuel cells, rather than conventional diesel